• About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team
Friday, May 27, 2022
  • Login
Casino Times
  • Betting
  • Casino
  • Gambling
  • Gaming
  • Poker
  • Sports
  • Review
    • Bovada
    • BC.Game
    • Duelbits
No Result
View All Result
  • Betting
  • Casino
  • Gambling
  • Gaming
  • Poker
  • Sports
  • Review
    • Bovada
    • BC.Game
    • Duelbits
No Result
View All Result
Casino Times
No Result
View All Result

Colombian Gambling Is Turning Out to Be a Big Business

Derek Joyner by Derek Joyner
August 26, 2021
in Gambling
0
Colombian Gambling Is Turning Out to Be a Big Business

Latin America is all set for the casino expansion. Some countries located in this region have realized this already, however others are taking their time. Colombia, which has been witnessing significant development in its gaming sector over the previous year, might inspire those in the latter category. Colombian gambling was worth more than $5 billion in the first half of 2021, according to Coljuegos, the country’s gaming authority.

Colombia Gambling at New Levels

The Colombian gaming business is doing well, according to Coljuegos, which reported $5.03 billion in revenue in the first half of 2021. That’s a 99.3 percent increase in sales over the same time frame in 2020, besides the $2.52 billion recorded in 2020. Coljuegos Commercial VP Jhon Jairo Altamiranda at the GAT Expo event said that the gaming regulator hopes for even more growth for the remainder of the year, saying they hope that in the second half of 2021, this growth continues further and makes a mark in the growing market.”

Not only has gambling in Colombia witnessed market growth in 2021, but also the iGaming industry is booming. According to Coljuegos, income from online gambling rose by 148 percent over the previous year, totaling $2.1 billion. The drop in betting is as a result of postponed games due to the Coronavirus. As a result, more people turned to alternative gambling to fill the gap. “As a result of the postponement and cancellations of athletic events on a national and international level, a significant rise in the participation of RNG (random number generator) games was generated,” explained Coljuegos, President César Augusto Valencia Galiano.

Colombia garnering attention

It’s no wonder that more gaming operators want to be active in Colombia’s gaming sector after witnessing positive outcomes. Several businesses, including Pariplay, iSoftBet, and Betfair, have stepped in the market recently, and others are rushing to join before they lose too much ground. Coljuegos’ capacity to oversee the sector has also improved due to the findings, prompting it to implement more robust measures to deal with match-fixing and unlawful operators.

The increasing focus on Colombia’s gaming sector is having a beneficial ripple effect across Latin America. It has gained attention from other countries and started to take the issue seriously and to strive to establish its robust markets. This trend isn’t expected to slow down as of now, and gaming choices will receive far more attention in the coming years across the area.

Previous Post

Juan Perez Wins $44,079 in MSPT Black Hawk $360 Regional Tournament

Next Post

DraftKings and Simplebet Partners for a Multi-Year Agreement

Next Post
DraftKings and Simplebet Partners for a Multi-Year Agreement

DraftKings and Simplebet Partners for a Multi-Year Agreement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

FAQs on Crypto Casinos

FAQs on Crypto Casinos – All You Need to Know

by Clinton Pritchard
March 21, 2022
0

Introduction In 2020, social distancing and public lockdowns had closed the doors of several casino establishments around the world. Professional...

NEWSPlaytech and FashionTV Gaming Group Partner to Launch the First-Ever Branded FashionTV Jackpot Baccarat

NEWSPlaytech and FashionTV Gaming Group Partner to Launch the First-Ever Branded FashionTV Jackpot Baccarat

by Clinton Pritchard
January 19, 2022
0

The leading gambling company of the world known as Playtech has made an announcement about the launch of the new...

California's Next Big Sports Betting Election Battle

California’s Next Big Sports Betting Election Battle

by Derek Joyner
January 19, 2022
0

States like Ohio legalized online betting soon before Christmas, and New York approved it shortly after Election Day in 2021....

UK Authorities Have Proposed Combining Cryptocurrency Regulation with Betting Review

UK Authorities Have Proposed Combining Cryptocurrency Regulation with Betting Review

by Gary Bradley
January 6, 2022
0

The administration has been making rapid progress in the area of cryptocurrency. It removed cryptocurrency advertisements from the metro system...

Casino Times

Address: 44 Newhall Street Birmingham B3 3PN
Email: contact@casinotimes.news

Category

  • Betting
  • Casino
  • Gambling
  • Gaming
  • Poker
  • Sports

Recent Post

  • FAQs on Crypto Casinos – All You Need to Know March 21, 2022
  • NEWSPlaytech and FashionTV Gaming Group Partner to Launch the First-Ever Branded FashionTV Jackpot Baccarat January 19, 2022
  • California’s Next Big Sports Betting Election Battle January 19, 2022
  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

Copyright © 2022. Casino Times.News. All Rights Reserved.

No Result
View All Result
  • Betting
  • Casino
  • Gambling
  • Gaming
  • Poker
  • Sports
  • Review
    • Bovada
    • BC.Game
    • Duelbits

Copyright © 2022. Casino Times.News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In